The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-04-15
CONDITION OF THE MARKETS
Wheat Active and Stronger, but Specu-
latOrS Are Somewhat Confused.
Corn Quiet and Generally Easier, Closing at
Wednesdays Figures-0ats in Similar
Condition-MeSs Pork Unchanged.
MONEY, BONDS AND STOCKS.

The Market Opens Firm to Strong, and Closes
Irregular but Generally Steady.
NEW YORK, April l4-Money call was
easy, ranging from to G per cent. closing offered
at24.
Prime mercantile paper, 5 6 per cent.
Sterling exchange dull and steady at
81 So al Sc for sixty days, $4S704874 for de-
mand.
The total sales of stocks to-day were 364, 0S7
shares, including the following: Delaware
Lackawanna & Western, 81. 600; Erie. q. 594;
Kansas & Texas, 1910; Lake Shore, II, 900;
Louisville & Nashville, 36.s2O; Manhattan Con-
solidated. $500; Northwestern. $3.50; New Jer-
sey Central, $4,000 Northern Pacific preferred.
3,6lO; Peoria. Decatur & Evansville, $500;
Reading, 75,51O; st. Paul. 13 tie; Texas Pacific,
$780, Union Pacific, 16 100; Western Union,
14,27I
The foreign interests again turned up as buy
ers this morning. the reduction in the Bank OF
England rate being one of the prime causes of
the movement. The new buying, however, was
met by free offerings of ''long' stock and re-
newal of the hammering process. in which the
bear party, most of the room traders who
have lately gone short OF a considerable line of
stocks, and some of the old ''bull" party who
are now looking for a concession in values. were
prominent The market again somewhat
feverish and unsettled, and the results of the
days trading are unsatisfactory alike to both
sides of the account Reading and Jersey Gen.
trail were not active as for the past few days,
and the latter was conspcuousy weak almost
all day. The inference is that the
party in control have acquired more than
sufficient stock for their purpose. and in view of
the closing of the books to morrow. a part of the
surplus was let 60. Under the influence of the
heavy foreign purchases Louisville & Nashville
became the most prominent stock on the list,
and reached higher prices than at any previous
time this year. On the revival of the stories of
close relations between that company and the
Norfolk d Western, the preferred stock of the
latter scored material advance. The San
Francisco stocks also displayed marked strength,
which is to be attributed partly to the contest
for control, and partly to the probability of
dividends on the preferred stock. Wabash pre-
ferred and Manhattan were also strong early in
the day. though most of the advance lost
toward the close. The opening firm to
strong, first prices showing advances over
last evenings final figures or from ] to
per cent Notwithstanding the heavy pur
chases the pressure of stocks for sale forced the
list down in the early dealings, the market be-
ing feversh and irregular. This succeeded
by a period of comparative dizziness. when,
under the influence of Louisville & Nashville
and the specialties a better tone was impaired
to the dealings. and noon prices closely approx
imated those of the opening. Jersey Central
then broke badly, and the general list sympa
thized to fractional extent and remained
heavy till toward 2 r. NJ. slight rally
Cured in the last hour. and the close was mod
erately active and firm, close to the opening fig
ures. Sales 364 0S7 shares
Railroad bonds comparatively quiet;
sales. 81, 1914. 600. The market was somewhat
irregular, but generally steady to firm. Closing
prices generally show advances of small frac-
tons.
Government bonds and State bonds were dull
and steady. Closing quotations were: